FMC Technologies, Inc. (NYSE:FTI)‘s stock had its “reduce” rating reiterated by HSBC Holdings PLC in a report released on Wednesday, Marketbeat reports. They presently have a $26.00 price objective on the oil and gas company’s stock. HSBC Holdings PLC’s target price suggests a potential downside of 4.27% from the company’s previous close.
Several other equities analysts also recently commented on the company. Barclays PLC dropped their target price on FMC Technologies from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. ValuEngine downgraded FMC Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank Of Canada upgraded FMC Technologies from a “sector perform” rating to an “outperform” rating and set a $37.00 target price for the company in a research report on Friday, August 25th. started coverage on FMC Technologies in a research report on Monday, September 11th. They issued a “hold” rating and a $26.00 target price for the company. Finally, Gabelli upgraded FMC Technologies from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $33.61.
FMC Technologies (NYSE:FTI) traded down $1.24 during trading hours on Wednesday, reaching $27.16. The company had a trading volume of 3,427,900 shares, compared to its average volume of 4,134,114. The firm has a market capitalization of $13,251.21, a price-to-earnings ratio of 22.72, a PEG ratio of 0.93 and a beta of 0.89. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. FMC Technologies has a fifty-two week low of $24.53 and a fifty-two week high of $37.09.
FMC Technologies (NYSE:FTI) last released its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.07). The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.87 billion. The firm’s quarterly revenue was up 74.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share. sell-side analysts anticipate that FMC Technologies will post 1.61 EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. acquired a new stake in FMC Technologies in the third quarter valued at approximately $45,311,000. Bank of Nova Scotia Trust Co. acquired a new stake in FMC Technologies in the third quarter valued at approximately $192,000. Jane Street Group LLC acquired a new stake in FMC Technologies in the third quarter valued at approximately $509,000. Vident Investment Advisory LLC grew its stake in FMC Technologies by 74.4% in the third quarter. Vident Investment Advisory LLC now owns 484,271 shares of the oil and gas company’s stock valued at $13,520,000 after acquiring an additional 206,638 shares during the period. Finally, Boothbay Fund Management LLC acquired a new stake in FMC Technologies in the third quarter valued at approximately $223,000. 66.88% of the stock is owned by hedge funds and other institutional investors.
FMC Technologies Company Profile
FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.
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